North America to Dominate Patient Access Solutions Market until 2025
Increasing
volume of claim denials to drive the growth of
global patient access solutions market
According to
TechSci Research report, “Global Patient
Access Solutions Market By Component (Software v/s Service), By Deployment
Mode (On-Premise v/s Cloud), By End User (Healthcare Providers, HCIT
Outsourcing Companies, Others), By Region, Forecast & Opportunities, 2025”, the global patient access solutions market is expected to grow
at a steady rate during the forecast period on account of the growing
prevalence of chronic and infectious diseases. This has drastically increased
the patient pool and healthcare costs. The need to curtail the increasing
healthcare costs is expected to positively impact the growth of patient access
solutions market during forecast period. Additionally, these solutions also
help healthcare organizations to maintain their finances by reducing the
operational costs and minimizing claim reductions. Furthermore, stringent
regulatory compliances encourage the use of patient access solutions. Besides,
growing need to track claim denials and declining reimbursement rates are further
expected to foster the market growth through 2025. However, high costs of
installation and deployment might hamper the market growth during forecast
period. Additionally, issues related to patient data security and cyber threat
might pose a challenge to the market growth over next few years. Moreover, lack
of proper healthcare IT infrastructure and unskilled staff, especially in the
developing and underdeveloped economies might further restrict the market
growth across the globe.
Browse XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on " Global Patient Access Solutions Market"
The global
patient access solutions market is segmented based on component, deployment
mode, end user, company and region. Based on component, the market can be bifurcated
into software and service. The software segment can further be categorized into
eligibility verification software, medical necessity management software,
pre-certification & authorization software, claims denial & appeal
management software, payment estimation software, medical claims payment
processing software and others. The claim denial & appeal management
software segment is expected to dominate the market on account of growing claim
denial rates. This software reviews the claim, finds out the reason behind
denial and suggests if an appeal can be filed against it or not. The software
reviews the patients documents and resubmits the claim. Due to the increase in
the number of claims and intense scrutiny of the healthcare facilities, a large
amount of hospital revenues decline, as a result of this, various hospitals are
adopting such software to cut down the loss. The service segment can further be
divided into professional and managed. The service segment is expected to grow
significantly over the next few years on account of the introduction of complex
software and growing need for system integration. Based on end user, the market
can be fragmented into healthcare providers, HCIT outsourcing companies and
others. The healthcare providers segment is expected to dominate the market
during forecast years. This can be accredited to the growing adoption of
healthcare IT solutions across major healthcare establishments. Additionally,
growth in healthcare spending is further driving the segmental growth across
the globe.
The
3M Company, Cardinal Health Inc., Cerner Corporation, Cognizant Technology
Solutions Corp., Craneware Plc, McKesson Corporation, Epic Systems Corporation,
Optum Inc., Conifer Health, The Advisory Board, Craneware, The SSI Group,
ZirMed Inc., Cirius Group, AccuReg Software, Genentech USA, Inc., Allscripts
Healthcare Solutions, Inc., Conifer Health Solutions, LLC., Experian Plc,
Lincor Inc. and others are some of the leading players operating in global patient
access solutions market. The companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4707
Customers can
also request for 10% free customization on this report.
“North America is expected to dominate
the global patient access solutions market during the forecast period, owing to
the well-established healthcare IT infrastructure in the region. Additionally, growing
government support in the form of policies, initiatives and funding in the
region to improve the healthcare facilities along with stringent regulations is
further anticipated to spur the market growth. Furthermore, increasing
healthcare costs and declining reimbursement rates in the region are
anticipated to bolster the market growth over the next few years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Patient Access Solutions Market By Component
(Software v/s Service), By Deployment Mode (On-Premise v/s Cloud), By End User
(Healthcare Providers, HCIT Outsourcing Companies, Others), By Region, Forecast
& Opportunities, 2025”, has evaluated the future growth potential of global patient
access solutions market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global patient
access solutions market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]